Egyptian companies score biggest increase in rankings.
Market capitalisation for the region is down to $98bn or 13% of the total, with the bulk of the market capital supplied by the Bourse de Casablanca in Morocco and the Egyptian Exchange.Both the Egyptian Exchange EGX30 and Morocco's MASI Free Float indices are down by about 16% in local currency over the year to March 2019.
The outlook for Egypt is particularly positive, with stockbroker Exotix forecasting higher economic growth (GDP) than in 2018, and lower inflation, interest rates and deficit in the current account. According to the International Monetary Fund (IMF), the prospects for Egypt's economy are good with real GDP growth of 5.5% forecast this year, rising to 6% by 2024.
Egypt scored the biggest increase with its share of the top 250 ranking rising from 34 companies in 2018 to 39 this year. Moroccan companies though accounted for a bigger share by market capitalisation.
The new entrants include healthcare (Cleopatra Hospital at #161), building materials (Samcrete #184), banks and capital markets companies, distributors MM Group (#244) and Egypt Chemical Industries (#248). Many Egyptian companies scaled the rankings including hotels, banks, food, real estate, capital markets and telecoms.
The number of Tunisian companies in the ranking has shrunk from seven to five. However leading beverages firm Societe de Fabrication des Boissons de Tunisie (SFBT) and industrial conglomerate Poulina --whose iconic founder passed away earlier this year --soared up the Top 250.
Regional Rank Company Name Industry
Ranking /250
2016
1 10 Maroc Telecom Diversified
Telecommunication
2 17 Attijariwafa Bank Banks
3 27 Commercial Banks
International
4 31 Banque Centrale Banks
Populaire
5 40 Lafargeholcim Construction Materials
Maroc
6 45 Banque marocaine Banks
du Commerce
7 63 Qatar National Banks
Bank Alahly
8 66 Eastern Tobacco Tobacco
9 72 Taqa Morocco Independent
Power and Renewables
10 73 Ciments du Maroc Construction Materials
11 76 Elsewedy Electric Electrical Equipment
12 79 Abou Kir Chemicals
Fertiliser &
Chemicals
13 83 Consumar Food Products
14 88 Egypt Kuwait Capital Markets
Holding Co
15 90 Vodafone Egypt Diversified
Telecommunication
16 92 Telecom Egypt Diversified
Telecommunication
17 93 Orange Egypt Wireless
Telecommunication
18 96 T M G Holding Real Estate
Management & Dvpt
19 99 Marsa Maroc Transportation
Infrastructure
20 101 Afriquia Gaz Oil, Gas & Consumable
Fuels
Regional Rank Company Name Total Market Cap Net Income
Ranking /250 (Million $) (million $)
2016
1 10 Maroc Telecom 13,155 622
2 17 Attijariwafa Bank 9,223 590
3 27 Commercial 6,102 553
International
4 31 Banque Centrale 5,013 304
Populaire
5 40 Lafargeholcim 3,707 199
Maroc
6 45 Banque marocaine 3,378 211
du Commerce
7 63 Qatar National 2,512 415
Bank Alahly
8 66 Eastern Tobacco 2,401 245
9 72 Taqa Morocco 2,227 108
10 73 Ciments du Maroc 2,120 101
11 76 Elsewedy Electric 2,048 288
12 79 Abou Kir 1,930 140
Fertiliser &
Chemicals
13 83 Consumar 1,759 102
14 88 Egypt Kuwait 1,618 95
Holding Co
15 90 Vodafone Egypt 1,538 144
16 92 Telecom Egypt 1,473 201
17 93 Orange Egypt 1,445 -95
18 96 T M G Holding 1,384 98
19 99 Marsa Maroc 1,345 57
20 101 Afriquia Gaz 1,280 68
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| Title Annotation: | North Africa |
|---|---|
| Comment: | Egyptian companies score biggest increase in rankings.(North Africa) |
| Publication: | African Business |
| Geographic Code: | 7EGYP |
| Date: | May 1, 2019 |
| Words: | 539 |
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